Dormant ETH whale sends 7,323 ETH to Kraken, facing about $6M loss if sold

An ETH whale address that had been dormant for three years transferred 7,323 ETH, worth about $13.96 million, to Kraken 10 hours ago, according to ai_9684xtpa. The whale accumulated a total of 23,834.17 ETH at an average price of $2,723.2 between Feb. 15 and March 21, 2022, and then staked the holdings on Rocket Pool. Ai_9684xtpa added that if the ETH sent to Kraken is sold at the current price, the loss would amount to about $5.977 million. The address still holds the remaining ETH and appears to be sitting on a loss of around 30%.